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Potential S&P Global Natural Resources SPDR (GNR) Trade Has 4.20% Downside Protection

Jan 03, 2018 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on S&P Global Natural Resources SPDR (<a href="http://www.marketintelligencecenter.com/symbol/GNR">GNR</a>) could yield about 2.33% (5.23% annualized, for comparison purposes only) in 163 days. Pair a long position in the stock with the Jun 15, 2018 $49 call for a net debit of about $47.87. This position also has 4.20% downside protection. S&P Global Natural Resources SPDR closed at $49.97 Jan 2, 2018. Technical indicators for GNR are bearish and support and resistance have been about $48.99 and $50.49, respectively.A

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